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Update on Proposed Acquisition

29th Jun 2026 16:32

RNS Number : 2363K
Seed Capital Solutions PLC
29 June 2026
 

 

 

 

29 June 2026

Seed Capital Solutions plc

("Seed" or the "Company")

 

Update on Proposed Acquisition

Change of accounting reference date

 

Update on Proposed Acquisition

As previously notified on 26 March 2026, the Company continues to work towards finalising the documentation required for the proposed acquisition of Cuarta Dimension Medica SL ("4DM") in exchange for the issue of new ordinary shares in the Company ("Proposed Acquisition") and admission of its enlarged issued share capital to trading on AIM ("Admission").

While the transaction documentation required to complete the Proposed Acquisition has been progressed, including the audit of 4DM for the year ended 31 December 2025, there are change of control provisions in respect of 4DM which have now caused a delay to completion of the transaction documentation and which the Company is currently reviewing. In particular, Seed has been informed by 4DM that as Seed is a foreign investor, the Proposed Acquisition is subject to prior authorisation by the Spanish Ministry of Economy, Trade and Business due to 4DM being active in a strategic sector (artificial intelligence).

Shareholders should note that there remain several matters upon which completion of the Proposed Acquisition and Admission is conditional, including, amongst other things, the associated fundraise. Accordingly, there can be no certainty that the Proposed Acquisition and Admission will proceed.

The Proposed Acquisition is an Initial Transaction under UK Listing Rule 13.2.1 and accordingly, at the request of the Company, the FCA on 28 May 2025 suspended the Company's listing on the Official List and trading on the Main Market of the London Stock Exchange was also been suspended, pending the publication of further details on 4DM and the enlarged Company or an announcement that the Initial Transaction is not proceeding.

Change of accounting reference date

In preparation of the Proposed Acquisition, in order to align the financial calendars of Seed and 4DM, the Company also announces that the Company has changed its accounting reference date from 30 June to 31 December. In accordance with UKLR6.4.16, the Company will prepare and publish a second interim report in respect of the six-months ending 30 June 2026, to be published on or before 30 September 2026.

A further announcement will made in due course.

ENDS

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

Seed Capital Solutions plc

Chairman Damion Greef

Website: https://seedcapitalsolutionsplc.com/

 

Brand Communications

Tel: +44 (0)1535 647 479

 

 

Public & Investor Relations

Tel: +44 (0) 7976 431608

Alan Green

 

 

Beaumont Cornish Limited

Sponsor and Financial Adviser

Roland Cornish, Michael Cornish 

 

Tel: +44 (0) 207 628 3396

ABOUT SEED CAPITAL SOLUTIONS PLC

Seed Capital Solutions Plc (LON: SCSP) has been formed for the purpose of acquiring a business or businesses operating in market sectors that can display strong ESG credentials, thereby benefitting from the current trend of superior performance and increased investor appetite

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UPDEASKNAANKEFA

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